ePSXe and Final Fantasy Tactics Flashing Red/Blue

So normally when I got to move or select a range to attack the game pulses red and blue for enemies and allies respectively. I don't know what causes it but sometimes the the pulses become flashes and will keep flashing throughout the entire battle. Normally I am not too particular about it, but sometimes the flashing gets really annoying.

Does anyone know how to fix this?

Edit:

ePSXe 1.7
Plugins:
Graphics: Pete's OpenGL2 Driver 2.9 and an eVGA Nvidia GeForce 8600 GT
2GB of RAM
Windows XP

 

Maybe you could try the psxfin emualtor - better for FF games

http://psxemulator.gazaxian.com/

 

FFT should work just fine with OpenGL2 2.9 set to the "Nice" default settings. I don't recall any flashing issues.

What are your settings?

OH, and you may want to try ePSXe 1.5.2 instead of 1.7.0